Can anyone help me to code using the AFL Coding in Amibroker? The strategy is given below:-

General
1

BUY -> When MA(Close,15) > Price on 5 Min, 15 Min and 1 Hour Chart AND also MACD (Red line) crosses above the Signal (Blue Line) on 5 Min, 15 Min and 1 Hour Chart.

SELL -> When the RSI > 79 on 5 Min Chart.

Based on this up and down arrows has to be plotted on the chart.

2

You will need to define your position size and execution price variables.And you will need to test it on 5 minute bars.

TimeFrameSet(3*in5Minute);
Condition1=Cross(MACD(12,26),Signal(12,26,9) );
TimeFrameRestore();

TimeFrameSet(inHourly);
Condition2=Cross(MACD(12,26),Signal(12,26,9) );
TimeFrameRestore();

Buy=MA(Close,15)>Close AND MA(TimeFrameGetPrice(“Close”,3in5Minute),15)>Close AND
MA(TimeFrameGetPrice(“Close”,inHourly),15)>Close AND Cross(MACD(12,26),Signal(12,26,9)) AND
TimeFrameExpand(Condition1,3in5Minute) AND TimeFrameExpand(Condition2,inHourly);

Sell=RSI(14)>79;

2 Likes
3

Thank You very much Akshay. Well Done. I don’t know much about coding just recently using Amibroker. I will run the code and if any problems i face will get back to you… I also want the RSI to work in the 5 Min timeframe. and also the 15 min timeframe is not set in the code. Just clarify on this ok. Akshay one more thing how can i learn all the coding stuff in Amibroker. Is it possible for me to learn. Just tell me some good sites and books to refer me…

4

Well Akshay i have tested and this is not working perfectly fine. This is giving a bunch of “SELL” signals.
A buy condition has to be met when all the conditions has to be satisfied like MA(Close,15) > than the live price on the 5Min, 15Min and 1 Hour chart as well as the MACD (Redline) crosses above the Signal (Blueline) on the 5Min, 15Min and 1 Hour chart.
For Sell: The RSI > 79 on the 5 Min chart.
Please do the corrections in the formula and waiting for your reply